Angel Seafood (ASX:AS1) - Chairman Tim Goldsmith (left) and CEO, Zac Halman (right)
Chairman Tim Goldsmith (left) and CEO, Zac Halman (right)
Source: Angel Seafood
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Angel Seafood (AS1) recommences its oyster production at Coffin Bay, just in time for the peak season
  • The company paused its production late last month, after Vibrio Parahaemolyticus concerns
  • Vibrio Parahaemolyticus is a bacteria that occurs naturally in coastal marine water and when eaten can cause gastro
  • After weeks of testing, Angel’s oysters have been given the all clear and the company plans to have 100 per cent operational capacity by the end of December
  • On the market today, Angel is up 3.85 per cent and trading at 13.5 cents per share

Angel Seafood (AS1) has recommenced its oyster production at Coffin Bay.

The company paused its production late last month, after Vibrio Parahaemolyticus concerns.

Vibrio Parahaemolyticus is a bacteria that occurs naturally in coastal marine water and estuary environments. When eaten, the bacteria can cause gastro.

The Department of Primary Industries and Regions in South Australia (PIRSA) halted the sale of stock in SA, WA and Victoria to help determine the cause of an increase in cases of Vibrio Parahaemolyticus.

After weeks of testing, Angel’s oysters have been given the all-clear. Due to this, the company has begun ramping up production and is moving quickly to distribute the oysters to meet peak season demand.

Angel will continue to work closely with the Government and other parties to conduct sample testing across its leases with a view to reach 100 per cent operational capacity by the end of December.

Notably, Angel said its stock has been kept in healthy water to be sold.

On the market today, Angel was up 3.85 per cent and is trading at 13.5 cents per share at 2:23 pm AEDT.

AS1 by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX has a red sector day on reports of Israeli strikes on Iran

The ASX200 has seen red, closing down 0.98% as reports of Israel launching retaliatory attacks on Iran ripped through global markets on …

Week 15 Wrap: USA uncertain, ECB shrugs at the Fed & gold, gold, gold

Depending on what interests you more, there were two big stories this week for the international…

Week 16 wrap: VIX jumps; IMF eyes US debt; Oz CPI & Mag7 reports next week

Uncertainty reigns, and not just because Israel has reportedly attacked Iran. The VIX hitting a six…

Strike pins hopes on seismic show to brighten Perth Basin prospects

Strike Energy has started two rounds of seismic exploration in the Perth Basin, with the first…